Dell 2000 Annual Report Download - page 47

net loss) as provided in Section 4.3.
(14) COMPENSATION: A Participant's Compensation shall include all
the items in Section 14(a) below and exclude all the items in
Section 14(b) below:
(a) All of the following items shall be included:
o The total of all wages, salaries, fees for
professional services, and other amounts
received by a Participant in cash or in kind
for services actually rendered in the course
of employment with the Employer while a
Participant and an Employee to the extent
such amounts are includable in gross income
(but determined without regard to the
exclusions from gross income under sections
931 and 933 of the Code);
o In the case of a Participant who is an
employee within the meaning of section
401(c)(1) of the Code and the Treasury
regulations thereunder, the Employee's
earned income (as described in section
401(c)(2) of the Code and the Treasury
regulations thereunder) determined without
regard to the exclusions from gross income
under sections 931 and 933 of the Code;
o Foreign earned income (as defined in section
911(b) of the Code) whether or not
excludable from gross income;
o Amounts described in sections 104(a)(3),
105(a), and 105(h) of the Code, but only to
the extent these amounts are includable in
the gross income of the Participant;
o The value of a non-qualified stock option
granted to the Participant by the Employer,
but only to the extent that the value of the
option is includable in the gross income of
the Participant for the taxable year in
which it is granted;
o The amount includable in the gross income of
the Participant upon making an election
described in section 83(b);
o Elective contributions made on a
Participant's behalf by the Employer that
are not includable in income under section
125, section 402(e)(3), section 402(h),
section 403(b), or 457 of the Code; and
o Any amounts that are not includable in the
gross income of a Participant under a salary
reduction agreement by reason of the
application of section 132(f) of the Code.
(b) All of the following items shall be excluded to the
extent they would otherwise be included:
-4-
<PAGE> 9
o Reimbursements and other expense allowances;
o Cash and noncash fringe benefits;
o Moving expenses;
o Deferred compensation under any plan or
program other than as specifically included
in Section 1.1(i)(1)(vii);
o Welfare benefits;
o Employer contributions to or payments from
this or any other deferred compensation
program, whether such program is qualified
under section 401(a) of the Code or
nonqualified;
o Amounts realized from the exercise of a